This site aims to inform readers on the Shipping Industry with emphasis on Ship Chartering, Sale and Purchase of Vessels, Bunker Cost for Ship Owners, Ship Brokers, Charterers and Traders as well as the Baltic Index

Aluminum Corp. of China’s rejection by the Rio Tinto Group for invesments in its mines will make the company “more mature” in regards to expanding overseas and has led it to place more importance on cooperation and successful outcomes, Chairman Xiong Weiping said at a news briefing in Shanghai today. Rio in June rejected Chinalco’s investment in its mines amid objections from Australian politicians and shareholders. The London-based company instead chose to create an iron ore venture in Western Australia with rival BHP Billiton Ltd., to save costs. Source: Bloomberg